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6 November, 20:48

Find the Net Pay: $678 gross pay, Federal Withholding $132, FICA $51.87, State $43.15, Health $13.25?

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  1. 6 November, 22:20
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    The correct answer is $437,73.

    Step-by-step explanation:

    Well, to find the net of the product is the value of the product without all the taxes that have been applied. Knowing this, and knowing the value of each tax, the only thing we have to do is subtract these values from the final price, in order to obtain the net value of the product:

    Federal Withholding $ 132

    FICA $ 51.87

    State $ 43.15

    Health $ 13.25

    Total product: $ 678

    Net product: 678 - 132 - 51.87 - 43.15-13.25 = 437.73

    In this way we can say that the net value of the product is 437.73.
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